On Thursday, the US Department of Labor announced that weekly unemployment insurance claims had increased by 51,000 from the previous week, hitting a seasonally adjusted 419,000 new claims. The news comes as more than half of US states move to sunset the federal unemployment assistance program and COVID-19 cases rise. Read More »

An Irish subsidiary of Microsoft made a profit of $315bn (£222bn) last year but paid no corporation tax as it is “resident” for tax purposes in Bermuda. Read More »

The greatest wealth transfer in history has already begun and the next crisis will only accelerate the process. As the printing presses continue cranking out more and more money, looking forward to a time when the markets pause or another economic crisis consumes the world is an issue we all should think about. Read More »

The debt burden crushing poor countries will not be alleviated until creditors in rich countries are made to give up some of their wealth. Read More »

THE U.S. PHARMACEUTICAL FIRMS behind the approved coronavirus vaccines — Johnson & Johnson, Moderna, and Pfizer — have quietly touted plans to raise prices on coronavirus vaccines in the near future and to capitalize on the virus’s lasting presence. Read More »

We are already aware of Federal Reserve Chairman Jerome Powell’s stance on rates and inflation (at least for the immediate future). That loose monetary policy has the potential to inflate a big asset bubble on its own. But that isn’t the only Fed policy that could be (at least indirectly) wreaking havoc on the economy. Read More »

Bitcoin lost more than 14 percent in value on Tuesday after a record-breaking rise to $58,354 during the weekend. The dramatic surge and depressing downfall has demonstrated what has long been expected from this cryptocurrency – it is extremely volatile. Read More »

The mergers and acquisitions that are constantly taking place within Big Pharma and the United States “healthcare” system at large are helping the drug industry to rake in record profits, even as more lives than ever before are being destroyed in the process. Read More »

Conspiracy theorists are convinced that a tiny organisation owns all of the wealth in the US. Who owns America? That depends who you ask. A growing body of opinion points to an obscure, but immensely powerful organisation called CEDE and Company. 
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US President Joe Biden's proposed $1.9 trillion COVID-19 stimulus proposal calls on Congress to raise the supplemental unemployment benefit to $400 a week, a $100 increase from the weekly payments approved by lawmakers just last month. Read More »